Verified Listing
Price : R12,415,862
Listing Type : Distributor & Wholesaler
Location : Cape Town
Ref. No : 2826
Year Established : 1970
No. of Employees : 49
Trading Hours : 8:00am - 4:30pm
Lease Term : Expires 2025
Turnover : R 3 398 075 pm
Cost of Sales : R 2 129 057 pm
Expenses : R 845 863 pm
Net Profit : R 423 155 pm
Asset Value : R 8 422 534
Stock Value : R 7 050 544

A large and profitable glassware company with more than 50 years’ experience in offering quality printed glassware products at competitive prices. The business sources from all over the world with a global supply chain and a national distribution network. The business is able to meet almost any promotional glassware requirement, from bulk orders for the liquor industry, to corporate gifts and private functions. The business offers a wide range of glassware from wine glasses, champagne flutes and cocktail glasses, flat based glass tumblers and glass beer mugs to hand cut crystal.

The business has a team of reliable and experienced employees and highly skilled craftsmen. The factory operates efficiently making use of the latest technology and environmentally friendly products. The business also has a factory clearance outlet used to sell overruns and end of range stock at bargain prices. The asking price is R12 415 862 excluding stock of +- R7 050 544, with an estimated asset value of R 8,422,534.00, average monthly turnover of R3 398 075,98, average monthly cost of sales of R2 129 057,24, average monthly expenses of R845 863,74 and average monthly net profit before tax of R423 155,00.

* Renwick Head Office